Robinhood Pays $3.9M Settlement Claim to Justice Department
Robinhood Markets’ crypto division has reached a $3.9 million settlement with the California Justice Department in response to allegations that it discontinued crypto withdrawals between 2018 and 2022. According to California Attorney General Rob Bonta, the California Department of Justice’s initial public action against a crypto company occurred on September 4. Bonta had claimed that […]
Polygon AggLayer to Connect All Web3, Including Blockchains
The Polygon AggLayer aims to unify the complete Web3 space, encompassing all siloed blockchain networks, according to Polygon Labs’ CEO. The AggLayer, which is short for aggregation layer, is a cross-chain interoperability protocol that Polygon intends to implement to establish connections between blockchain networks. Marc Boiron, the CEO of Polygon Labs, has stated that the […]
Sui Blockchain to Use Radio Waves for Offline Crypto Transactions
The Sui blockchain explores alternative methods, such as radio waves, to enable offline and “internet-less crypto transactions” for unbanked communities. The uncertainty surrounding the potential consequences of an internet outage is one of the primary objections to crypto-based payments. Will consumers be unable to access their wallets? This issue is worth troubleshooting, especially in regions […]
Penpie Hacker Moves 7M of Stolen Funds Via Tornado Cash
Within approximately twelve hours of stealing $27 million on September 3, the hacker responsible for the Penpie protocol transfers roughly $7 million of stolen funds through the crypto mixer Tornado Cash. The intruder transferred 26% of the hacked funds to a Tornado Cash address on September 4, according to Web3 security firm Cyvers. The hacker’s […]
Polygon Labs Upgrades MATIC Token to POL
According to an announcement shared by Polygon labs, Polygon’s MATIC token was converted to the new POL token on a 1:1 basis, making it the network’s native gas and staking token as of September 4. To improve its functionality and introduce Polygon 2.0, Polygon’s native cryptocurrency has implemented a significant technical upgrade. According to Marc […]